Metropolitan Airport NewsMetropolitan Airport News
  • Airport News
    • Publisher’s Message
    • Fast Five
    • On Duty
    • Air Cargo
    • Airline News
    • Airport Community
    • Airport Employment News
    • Airport Safety & Security
    • Company Spotlight
    • Ground Services
    • Intermodal
    • New York Aviation History
    • Non-Rev Traveler
  • Airport & Aviation Events
  • Airport Employment
  • Latest Issue
  • Login

Subscribe for Updates

Get the latest local airport and aviation news delivered right into your inbox each week!

News Updates
New program gives access to First Officer jobs while candidates complete their military service

United Launches Industry-leading Program to Provide Active-duty U.S. Military Pilots Conditional Job Offers

September 29, 2023
PANYNJ Unveils New Construction Facility at JFK Airport

PANYNJ Unveils New Construction Facility at JFK Airport

September 29, 2023
Chrissy Toskos, Chief Human Resources Officer, Securitas North America.

Securitas North America Announces Chrissy Toskos as Chief Human Resources Officer

September 27, 2023
Facebook X (Twitter) Instagram
Metropolitan Airport NewsMetropolitan Airport News
  • Airport News
    • Publisher’s Message
    • Fast Five
    • On Duty
    • Air Cargo
    • Airline News
    • Airport Community
    • Airport Employment News
    • Airport Safety & Security
    • Company Spotlight
    • Ground Services
    • Intermodal
    • New York Aviation History
    • Non-Rev Traveler
  • Airport & Aviation Events
  • Airport Employment
  • Latest Issue
  • Login
Metropolitan Airport NewsMetropolitan Airport News
Home»Air Cargo»Ryder Expands Vehicle Sharing Platform, Launches COOP Nationwide
Air Cargo

Ryder Expands Vehicle Sharing Platform, Launches COOP Nationwide

Through COOP, and its network of third-party trailer partners and truck owners, customers will now have access to more than 50,000 trucks and trailers based on availability
Metropolitan Airport NewsBy Metropolitan Airport NewsFebruary 23, 2022No Comments3 Mins Read
Facebook Twitter LinkedIn Email

COOP by Ryder, the leading truck and trailer sharing platform, announces the launch of its platform nationwide, reaching businesses in all 50 states. This expansion follows the success of the initial rollout in nine key states, underscoring the continued growth of the COOP platform, the high demand for rental vehicles, and the opportunity to monetize underutilized fleets. While COOP will continue to operate with a specific focus on high-density transportation markets, businesses can now leverage the platform to list and rent vehicles anywhere in the United States. 

“We continue to see significant success within the nine states COOP has initially operated in, with the platform scaling rapidly in response to disruptions across industries,” says Romain Rousseau, general manager for COOP by Ryder. “The ongoing driver shortage has become even more pronounced due to the pandemic and many of our customers have turned to our platform to rent their vehicles to other businesses while in the process of hiring drivers.”

With the nationwide rollout of COOP, more companies and vehicle owners can generate the revenue needed to support vehicle payments or meet financial strains caused by otherwise idle vehicles. Additionally, COOP provides relief to businesses as the industry continues to face ongoing driver and equipment shortages.

Backhaul Direct has been leveraging COOP since early 2021 to rent out its trailers to businesses in the U.S., earning more than $300,000 in its first year on the platform. “In our experience, the platform’s ease and flexibility has enabled us to reduce vehicle downtime and, in turn, earn a profit to offset costs,” says Greg Harris, CEO. “Since joining COOP, we’ve been able to keep our fleet moving and create long-lasting relationships with businesses and renters in need of vehicles.”

In 2021, COOP saw a major increase in rental demand, allowing more vehicle owners to generate significant revenue on their vehicles.

“The platform’s streamlined approach to vehicle-sharing has made the rental process much more efficient for us,” says Adrian Prather, Transportation Manager, at Honey Baked Ham. “As we prepare for the busy season, it can be difficult to secure well-maintained trucks with the right specs, but COOP’s wide network of businesses with available vehicles has been invaluable when we need extra capacity.” 

In addition, COOP is seeing a growing number of companies buy vehicles to rent out to others through the platform as an investment. Due to the fast growth of COOP and high vehicle utilization, these companies are experiencing high returns on their investment. COOP pays on average more than $3,700 in monthly revenue to owners who list their vehicles on the platform. In February, COOP launched a telematics integration enabling select trucks and trailer owners to get paid in real-time on the revenue earned by their unit while rented.

To date, more than 10,000 businesses have joined the program, with COOP experiencing 250% year-over-year growth since launching in 2018. Businesses interested in joining the program can sign-up on COOP.com or via the mobile app to rent or list vehicles on the platform.

About COOP by Ryder

COOP by Ryder is the largest commercial vehicle sharing platform, connecting fleet owners with idle vehicles to trusted businesses in need of rental vehicles. COOP is available on COOP.com or as a mobile app in the iOS and Android app stores.

Trucking
Share. Facebook Twitter LinkedIn Email
Metropolitan Airport News
  • Website
  • Facebook
  • X (Twitter)
  • LinkedIn

Produced by a team of aviation professionals and enthusiasts, our mission is to inform and update the more than 68,000 employees who work on the metropolitan New York airport properties, as well as the many others that provide goods and services in the surrounding communities.

RELATED NEWS & UPDATES

Flock Freight Study Reveals Freight Inefficiencies Fuel America’s Food and Beverage Waste

Flock Freight Study Reveals Freight Inefficiencies Fuel America’s Food and Beverage Waste

September 15, 2023
Forward Air

Forward Air to Combine with Omni Logistics

August 11, 2023

UPS, Teamsters Reach Agreement in Labor Negotiations

July 26, 2023
Crane lifting up container in yard

Alba Wheels Up Elevates Global Logistics Offering with the Acquisition of VT Mancusi

July 19, 2023
Lufthansa Cargo Paperless Freight

Lufthansa Cargo and Kuehne+Nagel Pioneer Paperless Freight Transportation With an All-digital Shipment Flow

July 18, 2023
United for Wildlife

American Airlines Cargo Joins United for Wildlife As First U.S. Cargo Carrier

July 14, 2023
Add A Comment

Leave A Reply Cancel Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

AIRPORT & AVIATION EVENTS
Civil Air Patrol Falcon Squadron Meeting
October 09, 2023
7:00 PM to 9:00 PM
  • John F. Kennedy International Airport-(JFK)
Jamaica, New York
LAAMCO Monthly General Meeting
October 10, 2023
9:00 AM to 10:00 AM
  • LaGuardia Airport-(LGA)
East Elmhurst, New York
ADDAPT Dinner Group
October 10, 2023
6:00 PM to 8:00 PM
The Heritage Club
Farmgindale, New York
  • >> More Airport & Aviation Events

Subscribe for Weekly Email Updates

Get the latest local airport news, events, and jobs delivered right into your inbox each week.

Metropolitan Airport News provides timely news, information and updates for both Port Authority of New York & New Jersey (PANYNJ) employees and businesses that provide services at, and around the major New York airports (JFK, LGA, EWR).

John F. Kennedy International Airport
PO Box 300877
Jamaica, NY 11430 USA
Phone: (347) 396-0904
Email Us

Facebook X (Twitter) YouTube LinkedIn Flickr
SEPTEMBER 2023 ISSUE
Metropolitan Airport News - September 2023
LATEST COMMENTS
  • Robert Waldvogel on Long Island MacArthur: New York’s Secondary Airport
  • USN Veteran on Long Island MacArthur: New York’s Secondary Airport
  • Stephen Adams on The Ultimate Airline Employee Incentive
  • Jeff Landgrebe on The Ultimate Airline Employee Incentive
  • About Us
  • Advertising Options
  • Charitable Giving Program
  • Back Issue Archive
  • Contact Us
© 2023 Airport Media, Inc. All rights reserved.

Type above and press Enter to search. Press Esc to cancel.